Solana Breaks Above $120 as Stablecoin Inflows Support Price

While Bitcoin and Ethereum dominate market attention, Solana is quietly gathering strength. The SOL cryptocurrency continues to trade above $120, supported by a significant surge in stablecoin inflows and a reduced supply of SOL tokens on exchange platforms. However, trader demand remains relatively subdued. This gap between the structural advantage of Solana and its price reflects the continued uncertainty regarding market direction. Solana’s key technical levels are now at $120, $135, and $142, while demand for derivatives remains limited.